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Washington DC - -(Ammoland.com)- Several Democrats who have come out against the evils of guns since the tragedy at Sandy Hook Elementary have also made money by investing in gun companies.

Many are still making money with investments in those manufacturers now, even as they attempt to ban their products.

Senator Amy Klobuchar (D-MN), for example, is a proponent of an “assault weapons” ban, who in the meantime is enjoying the money her husband makes off a $50,000 investment in the Vanguard Small Cap Growth Index fund. As of Jan. 18, that fund included 219,918 shares of stock in Ruger Firearms.

Meanwhile, Senator Clair McCaskill (D-MO) has approximately $100,000 in the iShare Russell 2000 Growth Index. That fund held 254,290 shares of stock in Ruger Firearms as of Jan. 18, along with shares of Smith & Wesson as well.

Senator Tom Harkin (D-IA) has approximately $100,000 in the iShares S&P Small Cap 600 Growth Index–a fund which was the “the 16th largest holder” of Ruger Firearms stock as of mid-January.

It’s not just individual investments, either: city pensions in Mayor Rahm Emanuel’s Chicago own significant shares of funds that are heavily invested in gun companies, as are city pensions in Mayor Michael Bloomberg’s New York City.

In Chicago, the city’s teachers’ retirement fund has about $12 million partially invested in the company that owns Bushmaster firearms –makers of the AR-15 Adam Lanza used at Sandy Hook– as well as funds that include shares of Ruger Firearms and Smith & Wesson.

Investing in gun companies makes sense for these Democrats if they want to make money: since Obama’s election to the presidency in 2008, the value of a share of Ruger Firearms alone has gone from approximately five dollars to fifty-two dollars in Jan. 2013.

About:
AWR Hawkins writes for all the BIG sites, for Pajamas Media, for RedCounty.com, for Townhall.com and now AmmoLand Shooting Sports News.

His southern drawl is frequently heard discussing his take on current events on radio shows like America’s Morning News, the G. Gordon Liddy Show, the Ken Pittman Show, and the NRA’s Cam & Company, among others. He was a Visiting Fellow at the Russell Kirk Center for Cultural Renewal (summer 2010), and he holds a PhD in military history from Texas Tech University.

If you have questions or comments, email him at awr@awrhawkins.com. You can find him on facebook at www.facebook.com/awr.hawkins.

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  • 4 User comments to “Democrats Vilify Guns While Owning Stock in Gun Companies”

    1. Not only that, both Obama and Feinstein took campaign money from General Dynamics. Feinstein also took campaign money from BAE Systems. Both companies make assault weapons and ammunition.

    2. This is not helpful. Such reports only put pressure on the downside for these stocks. These holdings are in index funds, so the hypocritical Dems do not select these stocks at all. Since they are index funds, the funds MUST own these shares. And that’s a good thing.

      If the story here is that these named Democrats are phonies and hypocrites: We already know that! Ruger and Smith don’t need any criticism from the PRO-gunners. This is an unethical and unwise attack on two GREAT American companies.

    3. [...] Next… Gun Control Hypocrites http://www.ammoland.com [...]

    4. [...] Follow the money. Attention Noodles! That is your next project. Find out who is behind it. Democrats Vilify Guns While Owning Stock in Gun Companies http://www.shtfplan.com/headline-new…urers_12082011 Reply With [...]

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